Exhibit 14.7 The Following Questions Use the Information Below

question 70

Multiple Choice

Exhibit 14.7
The following questions use the information below.
A decision maker is faced with two alternatives. The decision maker has determined that she is indifferent between the two alternatives when p = 0.45.
-Refer to Exhibit 14.7. What is the expected value of Alternative 2 for this decision maker?

• A) $82,000
• B) $56,100
• C) $64,350
• D) $72,600

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Definitions:

HRM Strategies

Plans and approaches developed by an organization's human resource department to achieve its personnel and organizational goals.

Employee Behaviour

The actions and conduct of individuals within an organization, encompassing their work performance and interactions with others.

Strategic Role

The part played by individuals, groups, or entities in achieving long-term goals or fulfilling a purpose within an organizational or theoretical framework.

Human Resource Professionals

Individuals specializing in managing and developing an organization's workforce, including recruitment, training, performance management, and employee relations.